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#2113086 - 01/04/17 10:23 PM Non Farm Residential Real Estate
KelliD Offline
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Joined: Jun 2015
Posts: 62
The data collection guide states, 'Loans secured by nonfarm residential real estate used to finance small business must be reported as "loans secured by real estate" if the value of collateral is more than 50% of the principal amount'. Does this correlate to a call code of 1E1 or 1E2?

Can you report a small business loan that is secured by a SFR (rental property) for CRA? or does this get reported as HMDA?

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CRA
#2113199 - 01/05/17 07:57 PM Re: Non Farm Residential Real Estate KelliD
RR Jen Offline
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RR Jen
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1E1 - Loans secured by owner-occupied nonfarm nonresidential properties
1E2 - Loans secured by other nonfarm nonresidential properties

I'd say yours is a 1E2 and if reportable under HMDA rules, it's not reportable for CRA. Do you have the CRA Data Collection Grid from the Dallas FRB? I'd try and give you a link, but I have the PDF. If you don't, and cant find it. Send me a PM with your email and I will share.
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